Supermarket Chain BI-LO Hires Banks To Lead IPO
August 21, 2013 | 1 min to read
Bi-Lo Holdings, the ninth-largest traditional supermarket chain in the United States, is planning an initial public offering later this year and has tapped banks to lead the deal, according to two sources familiar with the matter.
The Jacksonville, Florida-based company has hired Citigroup Inc, Credit Suisse AG and Deutsche Bank AG , the sources said.
Bi-Lo and Credit Suisse could not be reached immediately for comment. Citigroup and Deutsche Bank declined to comment.
Founded in 1961, Bi-Lo operates 206 grocery stores throughout the southern United States under its own banner. The company has been aggressively expanding its footprint in the last several years.
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